A commercial trade Licence is issued to those who deal in commercial trading. It differs from a General Trading Licence and allows trading in more specific and limited products. On the other hand, a General Trading Licence also does not allow all goods and commodities to be traded. Items like automobiles and software can only be traded with a Commercial Trade Licence. Goods traded can be imported and sold within the UAE and exported for sale outside the UAE.
With a commercial Licence, you can trade in almost any goods from jewellery, garment, electronics, toys, packaging, food and many more. It also allows you to engage in services under a commercial Licence that includes IT services, consultancy services, designing services, brokerage and real-estate services.
You can incorporate as a Limited Liability Company depending on the number of shareholders. To establish a Limited Liability Company, you will need a minimum of one and a maximum of 50 shareholders.
The activities that can be undertaken under a Commercial Business Trade Licence in the United Arab Emirates are:
You can obtain the complete list of permitted commercial business activities from the Department of Economic Development (DED) or a business set-up consultant.
When making your application, you are required to provide some essential documentation:
The fees of obtaining a commercial trade Licence vary, depending on the number of business activities included in the Licence for your business and also on the legal structure of your company. According to the company formation rule, the higher the number of business partners or stakeholders, the higher is the fees. Similarly, if you have included more activities in the licence, the cost will increase. So there are no fixed fees on how much it will cost to obtain a commercial trade Licence in Dubai or elsewhere in the UAE. The prices vary by emirates too, so when you decide to form a company in any of the emirates of the United Arab Emirates, consult a business setup professional to help you determine the exact costs of obtaining a commercial Licence.
You may find the process of obtaining a commercial Licence complicated. You need not worry then! Simply find a professional business setup consultant to listen to your requirements, and they will provide you with all required advice on company formation.
We at OBK Business Centre work closely with legal experts to ensure that you get the best business setup services without facing any problems.
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